MENA & GCC Bus Market Expected to Reach USD 2.46 billion by 2034, Growing at a Robust CAGR of 3.6%

Market Size and Share:

Global MENA & GCC Bus Market is currently valued at USD 1.73 Billion in 2024 and is anticipated to generate an estimated revenue of USD 2.46 Billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034

Polaris Market Research has introduced the latest market research report titled MENA & GCC Bus Market that highlights the major revenue stream for the forecast period. The report contains clear, reliable, and thorough market data and information that will undoubtedly help businesses to develop and boost return on investment (ROI). The report focuses on MENA & GCC Bus market size, share, growth status, future trends, volume, and key market dynamics. The report identifies essential customer attributes in order to identify various demands throughout the industry. Then, the market competition is determined along with various activities performed by key companies in the market.

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The report demonstrates a statistical overview of the current market condition, future prospects, latest technological advancements, and opportunities-challenges of top key players. Further, the region that is expected to produce the greatest potential in the market is mentioned in the analysis report. As per MENA & GCC Bus market segmentation by type, application, and region, this report provides accurate calculations and forecasts for consumption value in terms of volume and value. Market dynamics (mainly covering drivers, restraints, and opportunities) give crucial information for understanding the market.

👉 Study Explore:

▪️ Historical and recent key insights
▪️ Market size by company, key regions/countries
▪️ Driving forces and roadblocks
▪️ Value chain analysis with price analysis and forecast
▪️ New prospects and targeted marketing methodologies
▪️ R&D and the demand for new product launches and applications.
▪️ New Project Investment Feasibility Analysis

Competitive Landscape Analysis

The report enfolds top competitors' analysis where MENA & GCC Bus key players are covered along with competitor's strategy, sales, cost of production, standing position on the market organization size, share, growth, product line in the market, the financial status of competitors, and future expectation data throughout the forecast period. The study notes the reactions of competitors and enables business players to stay innovative and reduce business risks. Through this, players will be able to avoid repetitive mistakes in the business.

Some Of The Key Players In The Market Include:

Ankai Automobile Co. Ltd.
Ashok Leyland Ltd.
Higer Bus Company Limited
MAN Truck & Bus
Mercedes-Benz Group AG
Scania
Toyota Motor Corporation
Volvo Buses
Xiamen King Long International Trading Co.,Ltd.
Yutong Bus Co., Ltd.

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MENA & GCC Bus Market Report Highlights

✔️ In terms of length, the below 6m bus segment held a 30.03% revenue share in 2024, favored for last-mile connectivity due to its compact size and urban maneuverability.
✔️ Based on fuel type, the electric bus segment will grow fastest at 10.09% CAGR during the forecast period, fueled by green mobility investments, eco-conscious policies, and fleet electrification incentives.
✔️ MENA dominated the bus market in 2024, led by urbanization, population growth, and expanding public transport networks in major cities.
✔️ The GCC market is expected to grow significantly during the forecast period, supported by government efforts to diversify transport systems and reduce private vehicle reliance.

Market Analysis and Insights

The influential contents covered by the report include MENA & GCC Bus market share information, analysis of smaller companies, merger and acquisition, investment plans, demand-supply, gross margin, and import-export. The next chapter of the study introduces the industrial chain analysis, as well as raw materials (suppliers, supply & demand, market concentration rate, cost) and downstream buyers. Next, the regional segmentation overview goes into in-depth detail about the geographical factors of the market. The regional and country-level analysis incorporates the demand and supply forces that are influencing market growth.

On the basis of regions, the report has segmented the market into the following key regions:

▸ North America (United States, Canada, and Mexico)
▸ Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
▸ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
▸ South America (Brazil, Argentina, Colombia, and the rest of South America)
▸ The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

When talking about research procedure, information involving percentage share splits and breakdowns is obtained from secondary sources and verified with primary sources. Our thorough research methodology will help you to provide the most accurate MENA & GCC Bus market forecasts and estimates with minimal flaws. The key influencing factors and entry barriers in this industry are scrutinized using various tools such as Porter's Five Forces analysis and SWOT analysis.

Finally, the market prospects are enfolded, covering the sales and revenue forecast and regional forecast. The report then foresees the MENA & GCC Bus industry with respect to type and application. A perspective on sales, revenue, price, market share, and the growth rate by-product is given in this report. In addition, the report analysts have assessed each application's usage and growth rate. According to the estimates, the survey report helps business participants in making their business gainful and obtaining the best investment options.

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Highlights of The Research Report

➢ The report estimates the market share, value, and future development plans of the major industry manufacturers.
➢ It provides a better knowledge of the market's prospects and prognosis for the time period.
➢ A comprehensive analysis of factors that drive and restrain the growth of the industry is provided.
➢ The report provides a comprehensive analysis of the market with respect to dynamics, competitive analysis, and upcoming MENA & GCC Bus market trends.
➢ The projections in this report are made by analyzing the current trends and future market potential in terms of value.

✅ The Report Provides You Answer to Below Mentioned Question:

1. What are the MENA & GCC bus market statistics?
➺ The market size was valued at USD 1.73 billion in 2024 and is projected to reach USD 2.46 billion by 2034.

2. What is the growth rate of the MENA & GCC bus market value?
➺ The market is expected to register a CAGR of 3.6% during the forecast period.

3. Which region accounted for the largest market share in 2024?
➺ The MENA bus market accounted for the largest market share in 2024.

4. Who are the key players in the market?
➺ Key players in the market include Ankai Automobile Co. Ltd., Ashok Leyland Ltd., Higer Bus Company Limited, MAN Truck & Bus, Mercedes-Benz Group AG, Scania, Toyota Motor Corporation, Volvo Buses, Xiamen King Long International Trading Co., Ltd., and Yutong Bus Co., Ltd.

5. Which segment, by tonnage, dominated the MENA & GCC bus market revenue share in 2024?
➺ The below 6m segment accounted for 30.03% of the revenue share in 2024.

6. Which segment, by type, is expected to witness the fastest growth during the forecast period?
➺ The electric segment is projected to witness the fastest growth, registering a CAGR of 10.09% during the forecast period.

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